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Sold! 20 Units in Hillsboro, Oregon

June 28, 2021

HFO is pleased to announce the sale of Washington Street Station. This 20-unit community in the heart of downtown Hillsboro was originally built as condominiums. The asset features large floor plans that include townhome units and rooftop decks. Washington Street Station is just one block from the Hillsboro Central MAX station, and there is off-street parking for residents.

The property is newer construction, but at the time of sale, it was in the middle of a siding replacement and had endured excessive vacancy. The challenge was to find a buyer that could move forward with substandard historical operations. HFO demonstrated the upside potential of the asset relative to the underperforming historical operations and located an out-of-state exchange buyer looking for newer construction outside of Multnomah County and the city of Portland.  

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